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TWTR

Double Bottom with All Time LowsDespite the attempt to create an All Time Low, 14$ was set as support last week and now we have a potential double bottom for $TWTR that may lead to a short term rally towards 15$ and 16$ (two potential target zone for this bullish setup) R/R is shown at the chart $SPX position above 2050 support potential bullish moves this week in stocks (read more in the newsletters) and it should support this beaten bird to try and fly again. This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week- goo.gl To subscribe to the newsletters - goo.gl
NYSE:TWTRLong
by themarketzone
1
$TWTR could run into earnings5 day sloping up. 50 day being tested a few times over last couple of weeks. It has finally flattened and would turn positive with any cooperating price action. Risking 75 cents below 5 day and micro support in upper 15s gives a nice risk/reward. $20ish would be first target. Lots of room overhead. Close over 17.10 and we're off to the races. Not sure there's enough time before earnings to go any higher. I think we would need to see some MAU growth reported on call for us to ever get close to that blue line above 23. Market is extended right now but Twitter has been low beta.
NYSE:TWTRLong
by marketstrats
Twitter on Verge of Breaking DownTwitter (TWTR) had many of the characteristics of being a potential big winner. But as is the case in the market so often, what is obvious to the masses, is not what ends up happening in the end. After its initial public offering in 2013, the stock setup an IPO base and advanced approximately 100% from the breakout. But that is as far as the stock would run. The stock would almost immediately drop 60% over the next five months in heavier volume. The stock attempted to rally back at least two time over the following year, only to stall and sell off in heavier volume, forming a double top bearish base. The stock broke the neckline in July 2015, only to rally back and stall at the double top neckline in October 2015 and rollover. As the market has attempted to rally over the six weeks, the stock has pulled back to the fifty day moving average in low volume. Lagging the market significantly. A breakdown from these levels, in heavy volume, would signal more downside. Seeing that the stock is significantly below its IPO price and approaching the $15 institutional threshold for holding a position, the downside could be significant. The risk is incessant take over talk that swirls around the stock.
NYSE:TWTRShort
by TheBeeZBee
Broke out of daily downtrend line - 24$ next $TWTR managed to stay above the broken trend line throughout last week's volatile price action. 16$ is now a support zone which includes also the Fast SMA line (currently support). Nearest resistance is near 19$ and it comes with the 50 days MA. In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA. Buy zones - 16-16.5$ (structure and MA line), 15.5$ (structure, broken trend line and 61.8 Fib level) Read more about this setup and other trading scenarios for the week - in this week's newsletters: goo.gl To subscribe to the newsletters - goo.gl Follow my blog - goo.gl Subscribe to my Youtube channel - goo.gl
NYSE:TWTRLong
by themarketzone
2
TWTR: Potential exploding pattern spottedTwitter has a very interesting chart pattern here. We have evidence of large positions being accumulated, and of possible shakeouts taking place in this zone. Currently, price sits above the volume mode, as you can see in the profile graph to the right, and has seen great climactic volume action in a downbar yesterday, while today went straight up from the mode. I entered a long position today, before the close, and I'll be looking to add to it if it evolves positively. Stop loss can be quite tight, look to buy tomorrow, and use a stop 1-3 ATR below. Good luck if taking this trade. Cheers, Ivan Labrie P.S.: feel free to contact me if interested in obtaining trading signals or tutoring. See my profile for details.
NYSE:TWTRLong
by IvanLabrie
1